The deepfake technology was used to mislead New Hampshire voters. The Federal Communications Commission (FCC) has proposed a fine of $6 million for illegal robocalls that used deepfake,…
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Justice Department Arrests Suspects in Cryptocurrency Money Laundering Case
Two Chinese nationals funneled $73 million through various shell companies The Department of Justice (DOJ) has unsealed an indictment charging two Chinese nationals of defrauding and laundering at…
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DOJ Charges American Brothers with Cryptocurrency Fraud
Former MIT students allegedly accessed $25 million from Ethereum transactions. Federal prosecutors arrested two brothers this past week, charging them with attempting to commit wire fraud and money…
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Opioid Producer Fined $1 Billion for Misbranding
DEA administrator says such companies have contributed to the opioid crisis. The Department of Justice announced that Endo Health Solutions, Inc. (EHSI) was ordered to pay $1.09 billion…
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FTC Reaches Final Settlement in Student Loan Debt Relief Scam
The scheme made fraudulent promises of loan forgiveness, for which the agency imposed an industry ban and asset forfeiture. The Federal Trade Commission (FTC) has reached a settlement…
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Court Allows CFPB Suits Against Student Loan Investment
Appellate court rules that investment trusts must follow consumer protection laws. The Third Circuit U.S. Court of Appeals ruled that investment trusts that purchase and hold private student…
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SEC Fines Two Investment Firms for “AI Washing”
Chair Gensler says advisors should not claim to use AI when they do not. The Securities and Exchange Commission (SEC) fined two investment companies a combined $400,000 for…
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FTC to Hold Advisory Group Meeting to Prevent Scams Against Seniors
Government and private sector officials will discuss effective scam prevention methods in the meeting. The Federal Trade Commission (FTC) announced an online meeting of the Scams Against Older…
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10 States Join FTC Suit Against “Sham” Cancer Charity
The organization raised over $18 million over 5 years only providing 1 percent to cancer patients. This week, ten states joined the Federal Trade Commission in suing the…
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FTC Wins Judgment Against Simple Health Plans for Fraudulent Practices
Court decision bars company and CEO from healthcare marketing, orders restitution to consumers. The Federal Trade Commission (FTC) has secured a $195 million judgment against Simple Health Plans…
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